Artificial Intelligence

Protect AI: AI/ML Security Company Raises $60 Million In Series B

By Amit Chowdhry ● Aug 7, 2024

Protect AI, a leading artificial intelligence (AI) and machine learning (ML) security company, announced it has closed a $60 million Series B round of funding led by Evolution Equity Partners with participation from 01 Advisors, StepStone Group, Samsung, and existing investors Acrew Capital, boldstart ventures, Knollwood Capital, Pelion Ventures, and Salesforce Ventures. So far, the company has raised a total of $108.5 million to help organizations protect ML systems and AI applications from unique security vulnerabilities and emerging threats.

Groq: Fast AI Inference Company Raises $640 Million Series D At $2.8 Billion Valuation

By Amit Chowdhry ● Aug 6, 2024

Groq, a leader in fast AI inference, announced it has secured a $640 million Series D round at a valuation of $2.8 billion. The funding round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from existing and new investors, including Neuberger Berman, Type One Ventures, and strategic investors, including Cisco Investments, Global Brain's KDDI Open Innovation Fund III, and Samsung Catalyst Fund.

Graceview: GenAI-Based Compliance Company Raises $1.5 Million

By Amit Chowdhry ● Aug 6, 2024

Graceview announced it completed a funding round totaling $1.5 million. And with leading global corporations already among its growing client base, this funding will accelerate the commercial rollout of Graceview's platform to fuel growth.

DecoverAI: Legal Tech Company Raises $2 Million In Seed Funding

By Amit Chowdhry ● Aug 5, 2024

DecoverAI, a pioneering legal technology company, announced that it has raised $2 million in seed funding, led by Leo Capital with participation from other notable investors. This funding round marks a significant milestone in DecoverAI's goal in transforming the legal industry through cutting-edge AI solutions.

Trio Mobil: AI-Based Workplace Safety Company Raises $26.5 Million

By Amit Chowdhry ● Jul 30, 2024

Trio Mobil (a leading provider of AI and IoT solutions for workplace safety and efficiency) announced it has secured $26.5 million in growth financing led by NewSpring through its dedicated growth equity strategy NewSpring Growth. Existing investors 212 and TIBAS Ventures also joined in the round.

Pindrop: Voice Authentication And Security Company Raises $100 Million

By Amit Chowdhry ● Jul 30, 2024

Pindrop (a leader in voice authentication and security) announced it has secured $100 million in debt financing from Hercules Capital. This funding will enable Pindrop to develop its audio, voice further, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.

EdgeRunner AI Closes $5.5 Million In Seed Funding

By Amit Chowdhry ● Jul 30, 2024

EdgeRunner AI, a new company building Generative AI for the edge, recently announced its official launch and the closing of a $5.5 million seed funding round led by Four Rivers Group with participation from Madrona Ventures and strategic angels.

Robin AI: How This Company Is Making Legal Work Much More Efficient

By Amit Chowdhry ● Jul 29, 2024

Robin AI is a leader in legal AI and the company’s Legal AI Assistant is used by hundreds of businesses. Pulse 2.0 interviewed Robin AI co-founder and CTO Dr. James Clough to learn more about the company.

Bolster: Automating The Detection And Takedown Of Cyber Threats In A $12 Billion Market

By Amit Chowdhry ● Jul 29, 2024

Slope: AI-Based B2B Payments Company Raises $65 Million

By Amit Chowdhry ● Jul 28, 2024

Slope announced it has closed $65 million in a new round of funding, bringing the total funding to $252 million ($77 million in equity and $175 million in debt). This funding round will be used for scaling operations as the B2B payments platform continues serving many of the world’s largest enterprises. Along with J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund Saga.

SoundHealth: $7 Million Seed Funding Raised And SONU Wearable Device Launches

By Amit Chowdhry ● Jul 28, 2024

SoundHealth (a medical technology company harnessing the power of AI and medical science to improve patient outcomes) has introduced SONU. SONU is the world’s first FDA De Novo authorized, AI-enabled, and wearable medical device for treating moderate to severe nasal congestion due to allergic and non-allergic rhinitis for at-home use by individuals 22 years of age and older.

Dental AI Company Pearl Raises $58 Million In Series B

By Amit Chowdhry ● Jul 27, 2024

Pearl, a global leader in dental AI, announced that it has raised $58 million in Series B funding to accelerate its mission to elevate patient care in dentistry. Left Lane Capital led the funding round, with participation from Smash Capital, Alpha Partners, and existing investors, Craft Ventures and Neotribe Ventures. This funding round marks the highest investment ever in dental artificial intelligence.

Xapien: AI-Based Due Diligence Provider Raises £8 Million In Series A

By Amit Chowdhry ● Jul 27, 2024

AI due diligence provider Xapien announced the completion of its £8 million ($10 million) Series A funding round, led by YFM Equity Partners. This brings the total funding to £14 million ($17.8 million).

Exa: Search-Focused AI Company Secures $22 Million

By Amit Chowdhry ● Jul 27, 2024

Exa - an AI research lab redesigning search - announced $22 million in seed and Series A funding led by Lightspeed Venture Partners, with participation from NVentures (NVIDIA's venture capital arm), and Y Combinator. This funding will accelerate Exa’s goal of building the search engine for AI.

Shaped.ai: AI Recommendation And Search Platform Raises $8 Million

By Amit Chowdhry ● Jul 27, 2024

Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, announced funding of $8 million and the launch of their new self-serve cloud product.

Lakera: GenAI Security Company Raises $20 Million

By Amit Chowdhry ● Jul 27, 2024

Lakera, a leading real-time Generative AI (GenAI) Security company, announced it has raised $20 million in a Series A funding round. This funding round was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. This round brings Lakera's total funding to $30 million.

Leya: AI-Driven Legal Technology Company Closes $25 Million In Series A

By Amit Chowdhry ● Jul 26, 2024

Leya, a pioneer in AI-driven legal technology, announced the successful closing of a $25 million Series A funding round. This funding round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures and the new addition of Alt Capital.